Company rLgislTdlil)ii nuiiiber.. fl5619227 C.liarity regiqlralion niinibei-- 1119614 The Sherwood Forest Trust (A COTDpany li￿l[cd by guarantee) Anrtudl RLpurl I In(tn¢idl SiolcJncnts ror thc Year Endcd 3 1 M￿h 2021 coIn￿l￿ni(s, AiLouiilin¥ Plu lJnit% l & 2 Nortli We.%t 41 Talb()I SlrLLt ottingharn GI 50L The Sherwood Forest Trust CoDtent5 Reference and A(Jmini&lriilivL D¢tails TTU%tCL%' RLpurl 2to7 Indcpendeni Lxamincr'% Report Statement of Financial Activitics 910 10 Balallce Shcct Norts to the Financial Statemcnly 12 1022 The Sherwood Forest Trust Rcference gnd Adrninistrativc Details I'rustees Carl C.orniqh Andre￿, Statham Terellce Yate Rvb¢rt B¢alby TimDthy Hill Jennifer Turner Hcnry Fa Louise Ilackett John Pclk Setrelary 'J'ereiice Yalts lappaiiited I n May 20211 Senlor T*lgna%erneot Team Patrick Candler, CEO la]] Major, Comniunity Ilerjiage Lands¢ape Manager (unril 31 Augu51 20201 Principal Offlce 516 CliurLh Patm Busincss Ccntrc Mansfield Road Edwinstow'c ansficld Nottinghamshire NG21 L)NJ Companv Regi5trstioD Nurnber 05639227 Charity. ReEistratiotTr Number Independent F.xaminer Ji)hn ()'Bricn, ¢mploy¢c of Commiiniry Accoiintit]g Plus Units l & 2 North M'cst 41 '1'albot Slrect Ni)ttin¥haiD Ntil 5tiL Page I The 8herwood Forest Trust Trus¢ees' Report Th¢ ITUStetg, wljo arc directors for the PUTpose% of company l¢iW. prc&cnl thi dSmudl r￿ort to¥eilier willi the financi¢il sl4lLmvnts vfihty Lhdritable cottipany for tlie year ended 31 MarLh 2021. Trustees Carl Cornish AndreTh Staiha TeTence Yal¢ Roben Bealby Timothy Hill jennifer Turner Ilenry I'art Louise Hackclt lappoinled 17 Xovernbtr 2n201 John Peck (appointcd 23 F'ebruary 2a: l) Strulture, governante and inana%ement .,Vuture ofgoverning do¢umenl The ¢hariry 18 a tompany limitL,d b}, guarantee and Tegistei¢d ¢lvrity. It is operaicd under the nJle.% of it8 memoranduim and arlicles nf a%iociaiion dared 31 si C)ctobcr 21104 and m051 rLccnily JrncndL(l on 22nd O¢tober 2001). It ha5 no shitrc Gapiial dT)d Ihe liabiliiy ofeach membci in thc ci'cnt ofwillding-up is limilLd tu £1. Re¢r￿lI￿¢￿t thndappoinlmenf of tr115t¢es Trustees arc clcclcd ai thc AGM based OD their appropriate %kill8 and cxpcricnLC and in accord￿]Ce w'ith Iht Tn]Sl-i anieles of association. Rcpr¢benlalion may be Ir()ni envtrotmnenial organisaiions, local businesqes and dje comJnunity'. Ohjtctii'es 2nd 2ttivities Objec'ls aims 11 Fi)r thc cducdlion, L'njtsytricni and benefit of thc public to prcscrvc, prolcct and TL-cslablish Ihe floTa and tawia of the countv of Nottinghamshirc and adjuining diythbt ot'Bolsoi'er', Ill Foi the education, enjO￿￿ent aDd benetil (IÈ. the publiL to prLscrvL. proltrLI, rtsioie and recreate buildings lits¢Luding yny building5 2s defined iti Section 336{Al of th¢ Tvwn Counlry Planning Act 11)YOI, $Jtes or structurc% ￿,hICh arc ancill¢iry tu or absoiiaied with the objcctivc.% Df prc%cr¥'ing, PTOtcctin¥, tC5tOriD¥ ¢tllLI re-esrablishing the floTa and fauna of thc Jlorebaid area. Illl To adlance the public education in all n)atteFS concerning %ULh flor4 tautsa, building 5ilcs siruclures. tv) To provide Itjr publiL reLrcaiiotL in Ibe inieresis of social i¥elfare-, V) To arquirc by purLhasi', gifi or othcrwisc land, sites, structure5 OT huildingi (Including any building% a defined in Stction 13611 l of ihe and c.ountry Planning Act 199U) silualcd in ihc aforL5aid area anv nghts. ea%ementS OT inlcrcsrs Ihcrcin or thcrcovci and to hold maintain and manage the san)c for IIIL purpotscs of thc object% 8el cillt in (I), IIll.11111 and lTh,'I hcrcin. Page 2 Thc Sherwood Trorest Irust I'ru&tees' Report Objetlivés, strttiegiés and octivities VISION- ShLrwood Forcsi- io bc ihc bcsi hcrilagc lorcst in thc w'oildl MISSION 10 ¢hampiort the pr¢seTVtttion, ¢oAseTr'atlOTJ, learning. enjojment and eionomic dLvclop]n¢nl vlthL Sherwood Foiest 3r¢d. PLIRPOSE . ro be the lead oiganisation in respect of all landscape, habitat, cultural: heritage, educalional and comrnunity actii'ities far the Sherwood fore8t Character Area (8Fe.Al. l. Lead on the esldblishn]enl of a Regional Park for Sherwood Fore51. 2. Proinott tlie spirit and ujiiqueness of Sberwood. 3. Enrich Ilie Icb*dC Ly Ot- IhL lorctsl: now. and lor luiurc gLncralions. 4. C.onserYe the lieriiake landscape and wildlife habitats. 5. FILIp PL'nplc undcrsland and bciiLr thjoy IhLIT naiural and Luliural hcntttgl. 6. EncuuragL ihc Lrcation (If imp[U￿.¢d visilvr dnd IouTi%Tll experienLes. 7. F.nhanc¢ lucal coiiimunilies, qualilv of life. S. Prol'idc infonnalion, ddi'jLL dnd ¥uidatJ¥L L)n SIILfwL)od. 9. Support ncw Lcunoinic regeneTation aciivilivs. I O. Ellsurc thdt vur or¥dnisativn is lit lor PUTPOS¢. Iinancially and ¥rtru¢turally. Public henefil All aspccts ot.￿Ork havc charitablc purposcs and outcornes to achicvc.. PLt)plt fuLussLd- SUPPUTlin¥ iridilidudl diid luL&l uumIxiuriitJ' 8tVUP& Ill 112luTL and liLnld¥L'. Natur¢ iiDprnved- landgcapes and site nianagtinEnt plans citdicd and InJna¥ed., 14ahitat.s irniiroTrcd .4pccialist cc)n£ervali()n w'i)Tk flir fl(Ira dnd fduna.. Sl.'T fvture secured ncw funding in placc. The ttu%ict* caiifimi Ihttl Ihcy havc eonJplitd with the requircnicnls of qcciioii 17 tsf. tli¢ C.haritie% Atl 201 I tn have due iegard lo the public ben¢fJl guidanc¢ publJ5hed by the Lharity COM￿1$910n tor bngland and Wale8. Principal risk3. und uncerlainlies Tlic Covid-19 Corunuvirub hys hyd J siyifJLanl iTllPdLt (i rangc o)r bonliJ¢tual and othcT works that wcrc being developed toward5 the ¢nd of th¢ pre*iou5 financial yeaT. INhich had to be put on hold. "I"hcic 15 no doubt that this had an impact on a loss of income and POOT cashtlow. Ai the end of Mivch 2021, the countiv srill in lockdowi u'ith a significant lei'el of iincertainty a% to *,hen Ihingb rnight itylurn Iu 'noTmal'. li is evidenl Ibai Djany ¥ralll fund¢rs cliitn¥¢d th¢ir cni¢ria tu buppurl imni¢diat¢ humanitarian causes directly a580ciated ￿'11h Il)e pajideniic. 'I'h15 meant Iliat tlie Conservatioii sector ￿'It11 Its lonEtr term ouicomts Is sljll Inerablc. though thcre 1% an opportuniry tor building back grecner. wliich should help cnvironmental and conscrvation charjtics. Page 3 Tbe Shcrwood F(brest Trust Trustees, Report Acljievemcnts aijd performanre CoK'id 19- the Sl-.T rL'spun$e The year staned with the whole ci)untry in Ihe firli lockd(>wm ol the Co￿ld 19 PdndeiniL ￿,hilh lastcd until July 4th, bul whL)SL influLllLL hdd a signifi¥￿¢ irnpacl upon the ivork <)f the T￿%1 Ihrou&¥houl Ihc vcar. At the oiilsel, the offict Wd% Ll0.%ed and im'n rncmbcr.% at. weTC placed on furlough ILOVL W'lth Ihe CEO and FAI) working frorn hoTnc w'ith IiTniled operaiional capacity. The Trusi had a great strugglc to rcccivc any support through thc furlough pro￿￿￿￿C and thrvugh the lo¢al authoriiv relief schctncs, but afteT much effori. runding was aclLicved alld at the tillit, Ihi% wa% f¢lt to be a ycal dchievLmcnl. Thc TrLJ.%t *'as kerv wcll %uppurtcd by thc Naiional Lortery Ileritage Fijnd INLIIF). where it wa* ablc tn re-purpose an element of the Spint ot" sh￿QOd Gralll io hclp ivith cmL'rgency funding. Then, through its own scctor L￿16￿g£llc} fund. the NJ.HF Tnade another a￿.￿rd which cndblcd ihc Trust lo updult and transY¢r dll ilb IT darabasc and fjlcs rtro￿ itb old berver onlv Micro%ofi 365. This wai. argL)ably. the Tnost impnrtant suece%S of the )'ear, In Ihdt li w.liulls Iranslurnicd tli¢ way Ilie I rubl ci>uld VUIL wliLrL rLJnoic, home or liybrid working now be¢anit thc dtsjninanl approdch and JnembLY L)1's1iin-had full ac¢¢s% to all SFF 4yslcTrs. n Seplcmbcr, the 'l"rust applied for CTn¢rg¢nty ￿nd1ng from Round One of thc Dcfra sponsorcd tirecn Rccovcry Challcngc Fund. OUT thcmc wa5 ShLYwovd Fo￿￿t5 Truths - Wood$. Heath% and Ptoplc. In Nvv¢tnb¢r, we leaml thai we had been succe5sfvI the only ¢n￿1r￿n￿rntal Chdnly in Nulliti¥hdmbhire lo reccivc funding. Thi%, J.1 Ihcy %ayy wab a gatne changer and meant a significant injcction iryf nr* fuiid%. Pdid up fronl. Ii has enabled i)s to undertake a much walLY prO￿￿mme LTrl- allivilies than we have been able to do for utnL years, has part tLJnded existing core staff )nd enabled the retruitmcrt ot ncw. statt. Though thcrc was delaj'ed srart, noi Ihe taulr ot ihc T￿St. ncvcMh¢less, progres9 was made and a new ￿ller ieaill lia% bccn established. Resilicnl Flcrilage - Uiiilding nur Re%ilience £iraiegy and Plan This eontinuc4 to guidc thc M'ork uf iht TTUSI and iv¢ ivtr¥ dble to coiiiplcic further phases of WOTks. working arvund the 5 key Ihetnes agaillst wliich our w'OTk progr3Tnm¢ was med%urcd". l. Goi'ernance Trustecs and Ibc Lx¢Gulive C.ommiitee have met on a re.￿lar ba%]% throughout thc vcar to ensuie ¥reat¢r consistency and contillUit} in the ¥vv¢tnaDL¢ vl. Ihe Trusi. Al the AGM, it w'as agreed that Tcrry Yatt5 wouI(I stand dow'n as cliairtnan ai ihc end of the yeaT and that Andy Sialham lake ott Ihe role. Ill the summer, Loui%i Ha¢k¥tl d Truslee. 2. Promotinn - Markeiing and Evcnts AII OLir major evenl% and activities wcrc pnstynned i)f cancellcd ￿￿ing to thc pandcmic. HowcvLT, wc havc engaged with a markcting company on a PTO-bonu basis lo redebign and upgrade 0￿r web8itc. Though this work is taking longer Ihart (Trriginally anticipaicd, thc draft dcsign is lovkir.g i'¢TJ We wcrc also ablc to ￿lIkL bumL bhvTI promotional videos of SherwoDd and aboui thc WQTk of thc TTUSt. Page 4 The &iherivood Forest I rust Trustees, Report 3. Cunscrvation and HcrilaYL Thi% rcmain4 Ihc LnfL ()f ()ur w(Irk i)n a nunibLI i)f %ilL& aLru%s Ihc counlyj ciihcr diTcLIIy Illdna¥ingy warking with cott)munily groups or ¥ivin¥ adviLL, ¥uiddnce Jnd SUPPL)rt. During the fjrst qudrtcr, building un own Sherwood AtToreslaiion Pr05pectus, negotiations look plaie wilh the Lommunity Trorca NeNoik and in particular Ihc GrecnM'ood Community Forest INottinghAmshirc C'4)unt! Council) to form J partncr4hip t() dLIIvLf a ¥llVLTninLnl prugrdTnmc callcd TrcLs IOT ClillidlL ThL LXPCCtati(In was thar thc agrccmcnts and funding ivould bc in pldcc for ).C￿ l L)( a 5-)'ear proÈyanunL. bul though this did nor happen, the groundworks w'ere laid for the projeci to be fonllallj started. Un the landscap¢ 51d¢. we rnaintained our ￿'0[k at sjies includjng Parliament Oak, Shetwood IIeJili Iietainijig green flag sta￿51. Oak TTce Heath, NewRtead AhbE>' (C.EO chair% IhL Partnrrihipj, thL CJuardian5 of SheTW'ood (16,000 hcctarcs ot" fartnldnd across thc Luunl).), wO￿lIa[1d nianagem¢nl (advice 10 goifclubsl. 2020 w'as a mdsl yLar fi)T alonis in IhL £iulumn slaff were ablc lo collcct 6,DOO aCOTll% Ihcn ¥cl IhLb¢ 8crniinatd. This has stimulatcd OUT wnbition tth establigh ll tommuniry tree nur%ery tsnd a partnership agrccmcnr ha.4 been d¢veltsped with Fcclgo)od Gdrdcns, who opcratc" a hortiLuliurL blte ai Sherwood Pincs. We arc in ihc prvL¢bS ()[ aLquinng our PLTrlylunn¢l and havc rcctived a very generous graiit Trom the DaNid Lock oundation. 2020 was the 40th anniversary of the sailing afthe Maynower to the new world, and in recognJiiDn of the part playcd by thc Nortb NotlinghUmsl￿¢ pil¥ritnb, a Pil¥iitt) PldntdtiLTrn of Sherwood Oaks was pldnt¢(l Ji HvLlsock Piiory late Nosember b>. k￿d perm155ion of ILS a￿]er. Sii" Andrew Bucljanan In Marth. a signature oak wa5 planted at Babm'ortli Cl)uich ro niark its role 14liere tlie par%nn Richard ('.lytion and William Brewster preached. Thc Tr￿st'S Mayflow'cr acrivitics M'erc.%omc of the N'erv feu. Thai actually took pla¢¢ duTing thc year. In Scpicmbcr, the Spitil uf Th'anitnL ShLTw'uvd prvj¥¢l, funded through ihe National Lull¢ry H¢tilJ¥L' Fl￿d. cOn￿lL￿C¢d willi Ibe appoijitiiitnt of tlie C.oiiitnunity F.ngagement and Educaiic)n Qffiter IC.F.F.01. Tlie projecr alii'ais eni'isaEed a lol of lioiiie aiid c(JniTnuniti, ba4cd working, bul in light of C'oN'id 19, Iliese did not take pldLC, but inslLdd guvd of N'ideo confcrtncing (Zoom} cnabled panicipants io aiicnd seminaTS and 4. Lducalion and l.ngageni¢nt Eduidtion and engagement are kty ¢l¢menrs of the WW2 project and some IEmir¢d work was done ￿'1th lo¢al schools when 10¢kdthN￿ ieslriciion8 were ea%ed. 't ￿ere able to start our Ileritage Trees Projttl, part futjded thi'Du¥h thv M2NI LPS and In l)etembei. visits to Blidworth Oaks %chool %aiv 4 applc trcc5 plantLd as wcll a bcriL5 of cvnscTr'alion bL'ssion5 lor Ihc childrcn. e hai'e been able to rctain strong rclationships N'iih thL loLal Churcli. Ihc Edwinsloivc Hislorical Socicty, and Iher Lvnmiunily groups. Pagc 5 The Shcrwood Forest Trust Trustees, Report 5. SirdtegiL C.oordinalion and C.r05s c.utting .ven in a challenging and rcstnclive year, thc Trust ha5 conlinucd to (le*elop link% with a brDad range of Illilional and regivnal JClivitie*, and very often uses its influL'nLc and potsilion lu biing urg¢inisdlivny lugT¢ih¢r tu hLlp n)akc d difference tu the PTnleLtion, pTeservaiion aiid proInotion of SherwniKI. I'hc -frus1 is ihe SheN'ood Lh3mpion for thc C.hariLr ft)r TrLL￿, li'otsds and People, coordillilied by the Woodland Trn$i,' Ihc ShevA'ood Forest Regional Park - the TTUSt m2nages the administraiion and sccrctariai rolc,. ShtTrvood FoTesi Visitor C¢ntrt Ihe Trust Luntlnllcb lo pldy d kev rol¢ w'ithiii the Conbonjuni under the leadership of the RSPB, aloTig with the Thttresby Estate and thL, W'uodland Trust, lo operate rhe new v151101 cenire tor Sherwood. The C.EQ 1% d Buard Metnbtr un MinLT lu Ilajur IM2fv11 I,aJid5uape Partner%hip Schtmt {I.PSI, F.MFWAC. 11..a.%l Kqidlands Fnr¢51ry Wnadlan Advisthrv C.DinmiltLLI IhL CLO is <1 community repr¢5entaiivt on thi5 adi'i%oTr bo' Improved thc ovcrall flnancial position vf Ihl Trubt. Svt L)nlv has ihis grant enabled us lo sccuie ¢xi5tillg posts, but we hafve been able tts retruit staff. FuTthLrmvre, Ihi GRCF lunding has been complemented by otlieT gTanls and donations. Poli(y tpK reserves Thc mJstCCS 3rc aw4rL of Ihc nL¢d tv build up reserwes in order to providc w'orking capital and to 5afcguard again%[ fluctuations iT) inLomc and fuDding The larget lei'el of rescrvci is £30,000. AcknoTh'lrd£etncnts A grcat dcal of tl)ank5 ha> io go Iv all those wha h2%'e stood by the I'rust during the couiTe of Ihe year. Including all Trustees. tht staff (tliose ￿'hfi have lefi and thus¥ ivho r¢mainl, partners. slakeliolder5 and fiinders. Page 6 The Sher￿00d Forest Trust Trustee8' Report Stat¢m¥nt of Ti'u5te¢5' R¢5PV115ihilitlC5 The Iruslees (￿h0 are olso the directors of The Shenvood l.oresl Trust fur the PUTPO%E% (If Lampany lawl are ¢SPQT151bl¢ for prcparing the tru.stees' report and the fiiiancial stal¢inents in accordance ivitli Ilie UiiiiL' Kingdom Accounting Standards {Unitcd Kingdom (icncrally Acccptcd Accounting Practicc} and applicablc law and regulations. Coiiiponi, Idw Icquircs thc tni.slccs to picparc financial %trdtcmcn15 for cach tinancial ycar. ljnder company law the tnistccs miisl not approl'c ihc financial statcminrs iinlcss thc}' arc satisficd that they 81vc a tnic and Idif VILW ot" the state of affairs of the chanlable tompany and of its incoming resources attd application of rc50urc¢s, includillg its inCO]ll¢ alld exp¢nLlilure. for th¥t p¢riod. ]n pi¢pJrin¥ thest finaiiciul slatemellts, the trustees are requLTed to.. bclcci suiiable acLtsunling puliLies and apply Ihcm COn%ibtcntly: observe the methods and principles in the Charitie5 SORP- make judgeInenis and eilimates thai are reasonable and prudetjt., qtsle whetlier applicable IIK Accoullring %tandard% liai't been follow'ed, subject la any Inalerial dcpartures disclosed and cxplaincd in the fincincial siaieniertls. and Prepare the financial stateTn¢nls on the gyoiDfT concern basis unles5 It is iDappropriate to presume thal the chanlable compan>. will LvntlllUL in busJnLSS. The tru51cc5 aTC rl'sponsiblc for kccping adcquatc accuunting rccords that arc 5ufficicnt to show and explain the charitable companVs transactions and disclosc willi reasollablc accuracy at any tinie the financial PO%ilion ol'thi chariiablc cotnpany and enablc thcni to cnsurc that ihL financial staicmLnts comply wilh the CÉ)mpanit5 Act 2006. They arL' also rL'spuiisiblL' Ivr SdfL'g.UdTdiThg IhL' ul ihL' Lhariidbl¥ Lunipony h¢llce r(>1 tak-ing rea4onal)Ic £lepE fi)T thc prcventiotj and dclcctian Df fraud and othcT l￿egula￿lIes. Small conipanies provision statement Thi% Tep()rt hds been PTepaFed in dLL()TddllLe ￿1th Ihe c()InPdnies Tegime under Ihe Conipdnies Act 2006. The aJ)nual report ivas approved by the twstee5 of the ¢hatity onlk Ik.-.%L. und sigotd OD lis behalf by.. Terence Yale5 Conjpany Sccrciary and 'L'ru5te¢ Page 7 The Shen%ood Forest Trust Independent Examiner's Report to the trustees of The Sherwood Forest Trust Independent examiner's report to the Iru5tee5 of The Shcrn'ood Portsi I'ru$t {'the Companv'} I rep()rt to the Lharily iruqices nn my cxamination of thc accvun15 vf IhL' LOTnpanv lor Ihe year ended 31 March 2021. Respot)sibilitie5 and basis of report Ats Ihe Lharilv's tru%iccs ot. Ihc company (and also its diTett(>rs for the purpo%e% of company lawl you arc re.%pnnnditions are full}. FtILI, or the lulfilmeni af tho£e conditions is w'holly ￿thill thL contrvl uf the LhdTJly and il Is probable that these condstions will b¢ I'uifillvd in the reporling period. GroKts reeeivoble Grants aTe Tecogni5eJ M'hen ihe ch2riry liag an entitlen)ent to the fund% and any cTrndilivnb Iink¢d tLTr IhL' VaTIts hal't bcen mci Ivhere perloTman¢e condiiions aT¢ Jttached 10 the Lryant and are yc1 ro bc mcr, Ihc incornc is rcGognised 28 a liability and incliidcd on thc balanLc shcct as d¢f¢rred in¢om¢ to be released. Pa8e 12 The Sherwood Foresi Trust Notes to the Financial S¢atements for the Year Ended 31 March 2021 F.xpenditure All cxpendtturc is rccDgni%cd (Jnce rherc is a Icgal or tOn.%trU¢lii'e obligation io Iliat expcndilurc. It is prnbable 8etilemeni is required and the dTnvulll can be mcasurcd rcliably. All co%t% arc allocated to the applicable expenditure lieading that aggregate 5iinilar costs to that catcgory. WThcrc cosis cannul he dircctly attTiburcd io particular liLadingT¥ they havc b￿¢n allocatcd (In a basi£ ci)n.si%ient w'ith the u%e of TesoufcLb, wilh ccntr21 staff LOSli dlluLdlLd IhL uf liinL SPLni. and dLpfLLldtii)n chargFes dll()C31ed (In the purtioij of Ilie assel'¥ us¢. Other suppL)rt CnSLq are alloLtsied bascd on the 5PTead of staff costs. Choriiuble oc11￿1[￿5 C.hanlable CXPL'iiditurL' C(ITllPnSCS tII05e cosls Incurrcd by rlic cliarity iii ilie delii'ery ol. ils aLliviiics and %¢￿7¢¢$ roT Its bLncficiarics. 11 includcs both costs that can bc &?Ilocaicd directly io .%uch acLivitlC5 and tliosc costs ol an indirect nalure necessary to support the￿. CTovernment grdnt8 Cjovcrnmcni grallt5 arc rccogniscd bascd on thc accrual mndel and are measured ai the fair i'aluc of thL dSSLt Teceived or receivable. Granlg are cl)¢ ssified db rclalinu cither tu rcvcnuc UT to d8SCts. Grant% relaling 10 rei'cllue are r¢Logni%ed in InL()nie ()ver the p¢riod 111 Ib'hich Iht rtlated costs arc reLognised. tiT£inls reldling tu atsscts are r¢cowiyed over the expeGted u¥¢ful lil¢ <>l-th¢ u%Y¥t. Wh¥fc part c>t" a gyani r¢lat1thg to an a35Ct js d¢f¢rr¢d, Tl i rccogni%cd dcfcrred incomc. Taxation 'hL Lharily LvnJiJerLd Iv pd%.% th¢ l¢%t% 4¢1 out in Paragraph I Schedule 6 of tbe Fillance Aci 2010 dnd therefor¢ il meet.% the definilinn of a charitable conipany tor UK coryoialioii lax purposcq Accordingli,, the charity 1.% potcntially cxcmpt trom iaxation Jn respect ot. Income trr Capit21 gains ￿eCeived Willi￿ cate¥ories coi'ered by Chapier 3 Part I l ot. the Cory)oration TaK Aci 2010 OT SLLliun 256 of the Taxation of Ch&r¥edbli Ciaijis Aci 1992, 10 thc cxtcnt that such incoine or gain% are &ppli¢d Cxclusi￿.¢7}. lo charilablc purposcs. TuDgiblv fixtd 2s$els Individual fjxed asse15 Costing £ 1,000.00 or iDilidlly rcLvrdiJ ill ¢v51, Ic35 any %ub%cqucni accumulalcd dttpTeLialiort and %ub%cquenl aCCUTnuldled iTllPdiTm¢nt IIisse5. Depreclution amortisatlon I)Cp￿LiatIVn is pr(}￿l￿¢d ¢an￿bI¢ fixcd asscts so as to MTitc off thc cO￿t or valuation, 1¢55 any cstimared r¢sidudl Vdlue, ITrVLr their expeLt¢d us¢fiJl ¢¢onotnic life as follows.. A$$¢t ¢l#%s Agriciiltural cquipmcni C.OTnpuier equiprnetji (JeneTal ¢quipmcnt Depreciation rnelhod and rate 25 /0 Straight lint 33 /0 sITaight lirLe Tradt d¥btVTS I'radL' drbliyis are amounls due from Luslvm¢r¥ lur tn¥r¢h4ndi%¢ .s01(l or perforn)ed in thc ordintirv course of hu%ines.s. TTade debioTS are re¢ognised initially at the transaction price. -l-hey are sllbseqiiently measured at 8morti%ed cost Usillg the ¢ifeLti%'e illteTesl niethod, l¢tss provision for impairnieni. A proi'ision fot the ImpaitD]cnl of Iradc debtors is ts¢ablished when rliere is objeitive evidence Iliai Ihc Lharily will not bt ablv l(} c(Illecl all anioullis duc accoTdingF to thc QTiginal tctms of the reccii'able5. Page 13 The Sherivood Forest Trust otes to the Financial Stalements for tbe Year Ended 31 March 2021 C'#5h ta$h eqllivalents Casli dnd cash cquivaleiits conipri5e ¢ash on hand and call dcposits, and othcr shvrt-ICTrn highl! liquid investment% ihat arc r¢adil}' coni'crtiblc to a amouni ol casli and are Subject ro an Insi￿]1r]CanI risk or change in valu¢. TrAde creditors 'I'rade crediinrs are nbligatii)n% t() pd¥ lui ¥oods or scn'icts thar havc been a¢quired In the ordjnary eollrsc ot" busints% from supplicro. Accounts payable are el&%%ificd ats currLnt liabiliiies if th¢ chdnty due% n()t have an unLondittonal right, ai the end of Ihc rrptsrting pcriod. to dcfcr seiileillenl vf th¢ ir¢dilvr lor ai ILaSI Nvclve months aftcr thc repurting Jate. If there is an uncondiiional righi to defer %ettlemcnt foT at least twclvc Fnonths aft¢r th¢ Teptslling date, IIIc5' are prescntcd a5 non-GUTTcnt Iidbilities. Trade crcdiiors atc reco¥nised initially 2t the transaciion pric¢ and subsequEntly medSurcd ai dnioriiscd Cosl using the efftcrive inltIe51 Inethod. 'und strutturt lJnTC%tricicd incomc funds are g£n¢Tal funds thai are availablc for usc ai Ihc trustceb, dis¢retivn in lurtheT%nce of the objeetii'e% of Ihc charity. Rc%tricted inconie funds arL' Ih(1.4e granls fvr U5L In a particular area or for 51)ecifit purpose&, the use of whjch is TEslncied to Ihai area or pujposc. PensioDs And othtr post rttir¢ment obligations The charity opcratcs a definLd contnbuiion pension scheme foi employ¢es. The as%el% of thc sLhLmL drc hcld epaTately from those of tbe ch￿-ity. Peiisinll co%l.s ch4r¥¢s its thL Sidlenjenl ol Fiiiancial Activitie4 represeiit the colllributlons P4yiibl¢ by the ¢hariiy durin the year. Page 14 The 8herwood Forest Trust Notes to the Financial Statements for thL. Year Ended 31 March 2021 2 Income (rom donations and leg#eies Unre%lTiCted funds Total 2n21 Tot81 202 Gtntr#l Donarions and legacies.. Doiialion5 frotn fQTDpanie5. trusts and similar PToc¢¢d% (irantb, including capital grallts., GoNern￿ent grants Other income trom donation% and legacies 1.812 1,812 9.500 27.238 .329 27,23 329 4,5QO 694 29.379 14,61P4 3 Income from choritsble actlTrLties Unre¥trirt¢d funds Restricted funds Total 2021 Total 2020 General Grants c.ontracts & fees qerchandise & tickct sales 158,091 3,30)1 158,091 21,959 29,SgC) 34,236 30V 18,650 18,654 161,400 180.054 64,432 4 Grants & donations l.'nre$tricted funds Re.4tri¢ted lund Total Ilcriiagc Lottcrv l.uDd I)avid c.ock Foundaiion Rural Payments il2ency 129,241 20.200 6,987 129,241 20,200 6,987 14.238 12.000 HMRC JR 14,238 12,000 1,812 1,000 CW'sed as follows". 2021 2010 Indcpcndeni cxamination OthLr lillllllcial bLrviLets 1,100 .374 1.100 332 1,474 1.432 10 Staff cust5 Thc iig¥rLgatC PdyioII W¢f¢ Jb follows.. 2021 2020 cDsts during the year Trvere: Wag¢5 and Sup Nfajor Qak Woodland FestiTral CL)ntingentyy -Mairf]owcr ()ak5 Rufford Pastures Ponland College Robin Ilood Fesiival &SDC Tourism Sun'L J. 24L 12411 {4,311} 12.6441 (6.45.31 4,311 2.644 5,150 17.035 2,965 2,000 20,000 3,OUO 15,OLIOI 13,3901 {IU,8751 14,0001 (5,0001 13,84111 3,390 796 4.000 5,OOQ 6,2iO 2,401 27,621 145,76_31 6,268 23,197 Total unrcstrifted futhds 43,546 49,251 166,6241 6,268 32,441 Restricted funds 'Suppori Shen4'00d' Rural Paymcnl% A¥encv .du¢ation Project FJeerna50n5 TIIoTcsb}' Proi'cnance F.dwin%ttTrwL Wlilands N&SDC S()ciJl Mobility rccn Roots 13,599 539 13,.521 110,013) 113,016) 11,7%.1) 11,ouo) 12,000) 14501 110,000) (4,749) {2,J341 1,160 505 1.000 2,000 450 10.000 4,349 HT.F WW2 Nincvch Trust Slicrw<)od NL w Shuols 'I'hoInas barr Inisi Mayflower Oaks Major Oak Woodland Festival 2,336 8,000 2.000 3,500 11,5CI61 434 2,319 2.000 12,UOV) 11,3031 Total restrfrcted funds 36,484 29,896 {51,3571 16,2681 8,755 Total funds 80,11.30 79,147 41,196 Pagc21 The Sherwood Forest I'ru5t otes to the Finxneial Statements for the Year F.nded 31 MarLh 2021 The SP¥LifiL purposes for wliich ilie fiind8 are to be applied arc a4 fvllvw.%- T)esignatcd NewslLdd dnd AnnctslLy C'ouulry Park- risk a55essmenr work linked into the Mana¥cmLnl Pldn lor rhe Park., Tounsix Aclioll Groiip w'ork 1or.xei￿ark and Sh¢Thvood 11.C' to promDte the visitor CCDnamy in ihc aTCa: Oak'l'r¢e Cnn%er¥'&linn CTfoup 8ilPPDrt 8ii'cn to ihis local communily group 10 manage th¢ Heaihland,. Major Oak Woodland I'L51ivdl- ¥rani funding to SUPPDrt our work oll the annual L'vcnl", c.ontingency rcscTh'cs Sct aside for cure ¢mcrgT¢nLy PUtpose%", Mayflower Oaks grant funding froni Bas.%etlaw l).C. lo sniplcTnLnl ihe pldnithg ol- 4UU Oaks to celebrate tlie Mayt10￿¢[ PJlgTllnS in 2020. Ruffnrd Pd%turL% Loniuliancy on playground and othcT itnprovem¢nrs to the Il'oodhead Cjroup housin8 project., Portland Collcge- consultancy work and Iree planting schcmc at thc C(IllLgL.' Robin Hood FesliN'al - granl funding from Miner ID Maior IM2MI 10 pri)vide a Robin Hood encatnpTncnt at thc N&SDC. Tourism SuTh'ey 8hcTh'ood Dist￿¢1 Cuun¢il., Basscllaw l)i%tiict Council funding IUT MayflowLr 40U LLgdLy Oaks i)roJ￿t and the Ra.4%eilLw AlfLTrfLsialion Pr05PtilUS. LunlTaCi funding for the preparation of a visiior/tOUTi5m TCPUrt fvr bew'ark & Resiricted fund Sllpport Shcn¥ood bryant funding to support an) of our coiiservatiort activiiics.. Rural PaJineni.% A¥cncy IGOSI granl lunding for a 5 year project hosted by the 'l'rust to quppon 8hcrwood Idndoivners with adN'ice, guidance", F.ducation Projcct - graDi tunding ti)r gcncrdl ¢du¢(iiioll work, Fr¢¢masons 2rant funding for tTCC planting- ThvT¢sby Provenaiice- granr funding for PTopagating sher￿7￿1)d %PLCIL%, F.dwin.slvw¢ IV¥ildnds- graTiI lunding for manageinent IVOTk on the F.durin%ioKK'e Wttldnds F%&SI)C.' qo¢ial Nfnbilitv - gfdllt fundin¥ fur a >'oulh training PTOJCCt', Grccn Root gTant fulldinÈ from l.Inne}' c.ompany for tree planting with schools in Ih¢,Mansfield area". NHLF WIN'2 N'dtiLilli?l Hcriia¥c Lotterv Fund ajor bwrant for the dcliN'cry of ihL WW2 Spiiii uf iVaTlirne Sh¢rw()ud prajtci,. 'ineveh'frubt- grant a￿'ard to assist ivith gre¢nlcnns¢Tr'alion wurkb wilh Ivial school'slcommuniry groiipq., Shernood Nc￿. Shoots gtdnl dward from TF.SCO for Shenvood talk% to schoolb and iVTnTniinily groups an trce planting., Thomas Farr Trust- grallt awaTd for tree plantinb prvJeLI with Mdnstield sLhL)oIs,' 'PLANT' PTUjLLI fund - Sb I. Iret planting and coinrnunity tree nur%t]I proJeLI,' Th¢ CJTCM RtLUK'Lry Challenge I"iind p05r C'.ovid 19 I)efr￿N1.￿ IF. environrncnral rccovcrv fi]nd,. Miner2MaJor Flentagc Trcc8- dclii'cry of 111 community hcritJgc tr¢¢ pruJ¢¢is funded through M2.Nf,. NLFll." Cuvid 19 - posl Cokid 19 emergencv reco￿ery fund; Tree% foT Clirnatc - Defru fund¢d ndlivndl Itee planiillg progratntne where SFT 15 a partnei of the Cir¢¢Hw'ood Commuwty E.-oresl INCCI. 18 Related party tran5aftions ThLIL WLEL nu rLlalc(I party iran.8action% In the yeaT. Page 22